The Cannabis Industry’s Dirty Energy Secret [Yahoo! Finance News]
Constellation Brands, Inc. (STZ)
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Source: Yahoo! Finance News
Your average marijuana plant is a rather unimposing, forest green weed that blends well with nature. The dirty truth, however, is that the business of growing cannabis is anything but green. In fact, the growing of pot is so power-intensive that its ecological footprint is quickly becoming an environmental nightmare. $344 billion cannabis industry Just how much electricity does the entire US marijuana industry consume? The numbers are mind-boggling. They’re also the bane of the cannabis industry, according to Joseph Maskell, founder and president of AAXLL “The key in this emerging industry is to be asset-light,” says Maskell. “With billions spent just on electricity in the US cannabis-growing industry, the companies that will survive the next culling, which is already in process, will be those with low capital outlays, no warehouses, no buildings, no machinery.” Back in 2016, after the state of Oregon legalized recreational marijuana, Pacific Power in Portland recorded seven blackouts
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STZ
Earnings
- 4/11/24 - Beat
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Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 10-K
- 4/19/24 - Form 144
- STZ's page on the SEC website